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Popular BTM Operator: Bitcoin of America Adds Ethereum to Its Bitcoin ATMs

PRESS RELEASE. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. Bitcoin of America recently announced their newest addition to their Bitcoin ATM machines (BTMs). Ethereum is now available to buy and sell at Bitcoin of America ATM locations.

Bitcoin of America recognized the growing popularity of the cryptocurrency Ethereum and decided it was time to include it in their BTMs. To date, Bitcoin of America has 1300 plus BTMs across 31 states. Bitcoin of America also offers Bitcoin and Litecoin options online and at their BTM locations. To find a BTM you can visit their website and enter in your address to find one near you.

Bitcoin of America has made several updates to their machines and services this year. In May, Bitcoin of America announced their new Universal Kiosk. This new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to buy cryptocurrency with cash. The last is that customers can sell crypto in return for cash.

Bitcoin of America also offers a host program for store owners who are interested in cryptocurrency or are just looking to earn extra income. Bitcoin of America takes care of their host locations by providing them with passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


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Elon Musk Cosigns Tweet Warning Dogecoin Holders Against Margin Trading

Dogefather Elon Musk has recently cosigned a tweet that warns Dogecoin holders of the dangers of margin trading. This trading method usually used by experienced traders can prove incredibly risky because while there is a lot of profit to be made when a trade goes right, the loss can be devastating when a trade goes::Listen

Dogefather Elon Musk has recently cosigned a tweet that warns Dogecoin holders of the dangers of margin trading. This trading method usually used by experienced traders can prove incredibly risky because while there is a lot of profit to be made when a trade goes right, the loss can be devastating when a trade goes wrong.

This is what prompted a Dogecoin holds and enthusiast to issue warnings about margin trading to the community. Some Dogecoin holders have been recording tremendous losses due to leveraged Dogecoin trading and have taken to Twitter to vent their frustrations. In light of this, Mishaboar, an active voice in the Dogecoin community took to the platform to educate traders about the dangers of this type of trading.

Related Reading | Dogecoin Rival Shiba Inu Becomes First Meme Coin To List In South Korea

Caution With Leveraged Dogecoin Trading

Mishaboar wrote on Twitter that he had received numerous messages from Dogecoin holders regarding some of their trades. These traders had had their margin accounts liquidated and had lost money on what is considered risky trading. Mishaboar noted that a lot of these traders were newbies who did not know how the market worked and was following the advice of friends to carry out these trades.

Dogecoin price chart from TradingView.com

DOGE trading at $0.2 | Source: DOGEUSD on TradingView.com

Additionally, Mishaboar explained further along in the Twitter thread that a lot of new investors believe that they need to use tools like leveraged Dogecoin trading to succeed in the market when they in fact do not.

Since most of these investors are new to the market, they do not fully grasp the dangers associated with carrying out margin trades. Some may not understand market dynamics that would cause their positions to be liquidated, leading to heavy losses on the part of these new investors.

Elon Musk Cosigns Mishaboar’s Message

Mishaboar did not end his message with just new investors. They had also expressed that even experienced traders may not be as “experienced” as they may believe. For these investors, even though they may have more liquidity and experience compared to the average trader, they are still going up against institutional investors with a lot more resources and data than individual traders.

Related Reading | Shiba Inu (SHIB) Crosses 1 Million Holders Milestone

The Dogecoin enthusiast called for caution as they explained that these tools can be dangerous to use in traditional markets. Add in the highly unregulated and volatile crypto market and the dangers of using margin trading grow 100-fold. Basically, the house always wins.

Elon Musk had expressed support for the message that Mishaboar was trying to pass along. Musk who is a well-known personality in the meme coin space took to the platform to voice his support for calls for caution. Underneath Mishaboar’s Twitter thread, Musk had written “Good thread” in approval.

Featured image from Castofly, chart from TradingView.com

Popular BTM Operator: Bitcoin of America Adds Ethereum to Its Bitcoin ATMs

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